RazorpayX-powered Current Account Linked to Payroll

Understand the differences and advantages of linking a RazorpayX-powered Current Account to Payroll.

Available in🇮🇳 India

RazorpayX Payroll supports two ways to process your monthly payroll:

• Via Payroll Wallet
• Via RazorpayX-powered Current Account

What’s the Difference?

This section highlights the key differences in features, benefits and applications of each offering, enabling you to make an informed decision tailored to your circumstances.

Feature	RazorpayX Payroll via Wallet	RazorpayX Payroll via Linked-Current Account
Core Payroll Features: Salary calculations, disbursals, Compliance payments & Filings	✓	✓
Full Stack Contractor Payments & Filing: Part-time employee & Vendor Payments	Only Part-time Employee payments are supported NO automated 26Q filing	Part-time Employee Payments Vendor Payments Auto 26Q Filing
Frictionless money movement	Manual fund loading every month	No manual fund loading(as payments are directly triggered via Current Account) Faster Salary Disbursals
Exclusive features	-	Access exclusive features like: Bank Account Verification of all your Employees. Ensure salary is getting credited to the right Employee
Access to RazorpayX Business Banking+ Platform	✗	Get access to our Business Banking+ dashboard for all your other Payouts like Refunds, Cashbacks, Incentives, Loans, Claims, Winnings and so on. Get access to APIs, Bulk and Single Payouts

Opening a RazorpayX-powered Current Account

Our comprehensive service eliminates the need for in-person office visits. We provide end-to-end assistance, including online application processing and convenient verification at your location through our dedicated Relationship Manager.

Partner Banks

We currently have tech integrations with:

• RBL Bank
• Yes Bank
• IDFC First Bank
• Axis Bank

Open a RazorpayX-powered Current Account

Streamline your payroll operations with a dedicated business banking solution. Use RazorpayX-powered Current Account.

Integrate Your RazorpayX-powered Current Account with Payroll

Integrate your payroll system with a powerful business banking solution. Use RazorpayX Payroll and Current Account integration.

Watch Out!

You can seamlessly upgrade from Payroll Wallet to Current Account at any time with zero operational disruption. Our team will provide full support throughout the transition process.